Dear my friends,
There are 4 points I want you to see for TRB. And I hope you don't have FOMO.
First, the RSI on the daily frame is overbought and diverging. This can also be seen on the weekly frame.
Second, Price increased but volume decreased. Purchasing power has dried up.
Third, if you look at the elliot wave, this is already wave 5.
Finally, Price has reached very strong resistance on the weekly frame.
If this is wave 1 of the big wave of the uptrend season. The price will be able to adjust to 2 areas as shown on the chart to create wave 2.
Hope this analysis will be useful to my friends.
Best Regards,
There are 4 points I want you to see for TRB. And I hope you don't have FOMO.
First, the RSI on the daily frame is overbought and diverging. This can also be seen on the weekly frame.
Second, Price increased but volume decreased. Purchasing power has dried up.
Third, if you look at the elliot wave, this is already wave 5.
Finally, Price has reached very strong resistance on the weekly frame.
If this is wave 1 of the big wave of the uptrend season. The price will be able to adjust to 2 areas as shown on the chart to create wave 2.
Hope this analysis will be useful to my friends.
Best Regards,